Stock Market & Financial Investment News

PPG Industries acquires Hi-Temp Coatings TechnologyPPG Industries announced that it has reached a definitive agreement to acquire substantially all of the assets of Hi-Temp Coatings Technology, a privately-owned supplier of high-temperature-resistant and insulative coatings. The transaction is expected to close in Q1, subject to customary closing conditions. Financial terms were not disclosed.

PPG Industries completes $40M expansion at Brazil facilityPPG Industries held a ceremony to mark the completion of a $40M, 65,000-square-foot plant for on-site resin production at its Sumaré, São Paulo, Brazil, coatings manufacturing facility. Resin produced at the facility will be used to manufacture PPG’s electrocoat products to meet demand from automotive original equipment manufacturers and industrial coatings customers in the region.